New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-08-09
TWO FRUITLESS MEETINGS.
NOTHING DONE BY IvEs's CREDITORS.
AFuRTuER MEETING To-DAY-soME GOSSIP ABOUT
THE VANDAIIA DEAL

AFURTuER MEETING 1O-Dhf-ooMb uOooi' nNOSA
THE vANDAILA DEAL
Along meeting OF the Western aud NewYork ere litors
a, Henry g. Ives & Co held at the law office OF
IIoaay johnson & Lauterbaeh. in the Equitable Build
ing yesterday. Besides the committee of minority
stockholders OF the Cincinnati. Hamilton and Dayton
Railroad. which consists OF C C. Waite T. j. Emory and
g. GaIo. of Cincinnati and several others from OHIO
and Indiana there present William Fellowes Nor
gan Robert W Leonard OF the same frm Alfred sully,
who represents the Corhn interest and others
from This city, and Irving A. Evans. OF Boston, who is re-
ported be involved 10 the extent OF 100000 Neither
Nj H. Stayner his partner who is presi-
dent of the company. present at the meeting nut
there were frequent communications between the TWO
Offices No positive action taken beyond choosing
committee to make particular investigation OF the re-
lution OF Ives Co. 10 the railroad company anu VINO"
the meeting adjourned it understood that private
conference woui be held In the evening al Some paoo
uptown.
IL is understood that the creditors nave 10
definite plan ia view aside from attempting
TO gain control OF the railroad property as expedtoasy
possible. President staynor ana wee rreuent ns
refuse TO resign their offices. II Is said except or cohu
tons that are uot satisfactory 10 tue slocknonrs anu
creditors This Is not considered serious dilruty on
suspicion IN "ai street hat, sum- Vi .no
lar creditors may have been induced 7" loan money TO
I've. Il o., the condition that II the great Baiunore
and ONO deal was carried through successfully, they
sbona have slice OF the immense profits In that case
II become an interesting question %heIner they
have not Interests besides hoe of creditors ana IL
suspected in some quarters hat his fact accounts Tor
on coalitions that may prevent the creditors from fo
lowing ain courses OF action ,o.,
Henry :. said yesterday afternoon :" have notn
ing whatever 10 say about the conferences OF aoot my
affairs When this matter Is settled may nave s
omelng to say and may talk pretty louuy. just Nv
present beg to he excused g, u,. E,
want to know what is really going always look az
the newspapers some of them always Tell me
did not know" Beyond this Mr. Stayner could NOT no
inGuced venture and replied TO an inquiry as 10
whether he had resigned the presidency ONLY WIZ" Win"
gesture the Office of The counsel for the railroad com
pany said that the conferences had Smonned 10
nothing. and that they would have 10 De eoninueu per
hars several days. before definite results oouo 10
reached -, s.. ,,.,;.,o
there sale of 100 shares OF tlnrlnnau, hahl,on
md DAYTON common stock at 40 The previous sale
1Tees AGO was abomt AS although transactions were
NOT frequent The sale yesterday said to he enttey
sSTe was sH found at 10 Many brokers' the
opinon that the price told better han anythnE else pos
sbly could the real condition OF the railroad company
IL consequence OF It's pre- ,ont entangemehIs. I'LL, ., .
The inquiry the affairs of the company which the
creditors OF Ives Co. have now begun Is understood 10
embrace the following points:
az The outstanding amount OF preferred stock Accord
close o. the fiscal year ending 81 1886 So 700 900
Sm l has e zee put oui slce the ned date
Hon %qsa the IN a 70 nd S s!s. stock was 'a
80 Whether the company CIV, d. as REQUIRED by law
"a What has 6econle the company had on hand
g. S,9f 81 sV or IN O,Rsr wCr %hsf6sF
95 ca" oS much OF the sh Of the Cincinnati
Co in chan The gauge meeting expenses N CON
prvsts account winch they at.enped "ae a
themselves With SIS 90 gusa be IDS. three times
The amount cost OF those lines to them .,,
Like tue previous the evening conference Wnlcn
was held at the Fifth Avenue HoIel, was elilrev ess
OF results IL more largely attended even anu no
Western interests were present in fun force. The two
princ!l5al officers OF the company, whose paceS al
earnestly desired by the real owners OF the road
the room some time after the meeting mad assembled
Mr. Ives had promised the committee sent 10 see n m
the Afternoon that he wonll prepare statement Oh .e
firms affairs in connection win TIE r ran +
nov iS.a 'I He did not present it, however,
aad complained that the notice was so short aud DC was
suffering SO severely from exhaustion that Ne uesireu
further time Is said that offered TO make state
nen to any who might be selected by the meet
ing. but this offer was declined Inc meeting was "o'
journed until noon to-day - , ,,,,o.. 4,
The presence IN III city OF william x r
ioisy watching his interest IN tho Ierre aute ah
Indianapolis which he sold Out from under tne w hs %
toId-how he sold the control OF the road 10 The young
tnancier whose methods are nov being exposed , ne
in cash and approved securities ives pau mn, MN
$4,000. presumably oat of the Cincinnati TAUNTON
and Daytons treasury and received ccrtlcate Tor tne
Stock In die name Of III = Ives trustee for the Cnen-
natl Hamilton and Dayton. This stock is now hypotie-
Gated. but it is ntimated that the eert.ncaie
hesitate about accepting trustee STOCK WIN
on; proper power attorney AMI II Is said that TINS
certificate was reissned to IT, s. ivesindvitasly which,
OF easy enough as he controlled the OFFICES
For the remainder OF the payment he gave cote leav
ing the in tho hands of Mr. Mokcen as security
though hc carried the proxy He elected hnscn pfss n
dent One o. his first acts to remove the %oOUOOO
cash which the company had in banks in 81 LOUIS Tere
Haute and Indiana os and put IL on deposit with me
also authorized the issue OF lot OF nds. OF which
$500 600 were SIN in the treasury These too II Is
reeepts OF the road since them amounting about half
milton least have alec been deposited with ives
million aud three quarters without any security what
ever